Maheshwari Logistics Limited has issued a Postal Ballot Notice dated April 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking approval of its members through a remote e-voting process. The notice pertains to the regularisation of the appointment of Mr. Palash Maheshwari (DIN: 08307839) as a Non-Executive Director of the Company. The communication was dispatched to the National Stock Exchange of India Limited on May 04, 2026, and signed by Gaurav Rajesh Jhunjhunwala, Company Secretary and Compliance Officer.

Appointment Background and Regulatory Context

Mr. Palash Maheshwari was appointed as an Additional Director (Category: Non-Executive Director) of the Company with effect from February 15, 2026, based on the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors at their respective meetings held on February 14, 2026. The appointment was made under Section 161(1) of the Companies Act, 2013 and the Articles of Association of the Company.

In terms of Regulation 17(1C) of the SEBI Listing Regulations, any director appointed by the Board must receive shareholder approval at the next general meeting or within three months from the date of appointment, whichever is earlier. Since the three-month period from February 15, 2026 would expire before the convening of the ensuing Annual General Meeting, the Company is seeking member approval through the Postal Ballot route. If approved, Mr. Palash Maheshwari will be confirmed as a Non-Executive Director, liable to retire by rotation, for a period of five consecutive years from February 15, 2026 to February 14, 2031.

Profile of the Proposed Director

The following details regarding Mr. Palash Maheshwari have been disclosed in accordance with Regulation 36(3) of the SEBI Listing Regulations and Secretarial Standard on General Meetings (SS-2):

Mr. Palash Maheshwari completed his B.Tech from Narsee Monjee Institute of Management Studies (NMIMS) in 2022, following which he joined the Company and led a brownfield expansion project involving a monocarton manufacturing unit. He subsequently completed his MSc. in Management from London Business School, graduating in December 2025. The Nomination and Remuneration Committee and the Board of Directors have reviewed his profile and experience and recommended his appointment as Non-Executive Director.

Postal Ballot Process and Key Dates

The Company has engaged Bigshare Services Private Limited as the e-voting agency to facilitate the remote e-voting process. The Postal Ballot Notice has been sent exclusively through electronic mode to members whose email addresses are registered with the Company, its Registrar and Transfer Agent, or the Depositories, as on the cut-off date of May 01, 2026. Physical copies of the Postal Ballot Notice and forms are not being dispatched.

The following calendar of key events has been established for the Postal Ballot process:

Ms. Shilpi Thapar, Practicing Company Secretary (Membership No.: 5492, Certificate of Practice No.: 6779) of M/s. Shilpi Thapar & Associates, Ahmedabad, has been appointed as the Scrutinizer to oversee the Postal Ballot process in a fair and transparent manner. The voting results and Scrutinizer's Report will be submitted to the Stock Exchanges and uploaded on the Company's website at www.mlpl.biz within two working days of the conclusion of the e-voting period.

Interest of Directors and Key Managerial Personnel

Except Mr. Neeraj Maheshwari and Mr. Palash Maheshwari, none of the other Directors, Key Managerial Personnel of the Company, or their respective relatives are concerned or interested, financially or otherwise, in the proposed resolution. The Board of Directors has recommended the passing of the Ordinary Resolution as set out in the Postal Ballot Notice.

Maheshwari Logistics Limited has filed its annual disclosures under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the financial year ended March 31, 2026. The disclosure, dated April 6, 2026, was submitted by Vinay Premnarayan Maheshwari, Promoter and Whole-time Director (DIN: 01680099), on behalf of himself, the promoter group, and all persons acting in concert with the promoters.

Nil Encumbrance Declaration for FY2025-26

In the filing addressed to the National Stock Exchange of India Limited, the Compliance Officer of Maheshwari Logistics Limited, and its Audit Committee, Vinay Premnarayan Maheshwari declared that none of the persons belonging to the promoter group or persons acting in concert have made any encumbrance — directly or indirectly — on any shares held in the company during the Financial Year 2025-2026, other than those already disclosed. This declaration is in compliance with the mandatory annual disclosure requirements prescribed under SEBI's Takeover Regulations.

Promoter & Promoter Group Shareholding as on March 31, 2026

The filing includes a detailed breakdown of shareholding by all members of the promoter and promoter group as of March 31, 2026. The following table presents the shareholding details disclosed under Part-A of the filing:

Filing Details

Key details of the regulatory submission are summarised below:

The disclosure was filed from Vapi, Gujarat, and forms part of the company's ongoing compliance obligations under SEBI's framework governing substantial acquisition of shares and takeovers. The filing confirms that the promoter and promoter group's shareholding positions and encumbrance status have been duly reported to the relevant regulatory and corporate authorities for the financial year ended March 31, 2026.